I am persuaded by Lord Greaves (his latest letter to the Guardian is here) and by John Leech MP that HS2 is a Good Thing. However, I agree with the senior Treasury official who warns that there is no "blank cheque" for the scheme. Budgets must be adhered to, and the taxpayer should not be held to ransom by contractors or landowners. The threat of pulling the plug must always be there.
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